Ecuador New Bank Lending Slows 4.9% to $1.76 Billion in April

Ecuador’s banks and financial institutions, excluding government-owned lenders, reduced new loans by 4.9 percent to $1.76 billion in April from the previous month, the central bank reported.

Credit expanded 16 percent from April 2011, the bank said in a report published last night on its website.

To contact the reporter on this story: Nathan Gill in Quito at ngill4@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at Papadopoulos@bloomberg.net

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